DiDi Global (OTCMKTS:DIDIY) Sets New 1-Year Low – Here’s Why

DiDi Global Inc. (OTCMKTS:DIDIY) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $3.03 and last traded at $3.0750, with a volume of 247,032 shares. The stock had previously closed at $3.12.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group started coverage on DiDi Global in a report on Monday, September 28th. They issued a “buy” rating and a $5.60 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.60.

DiDi Global Stock Down 1.9%

The stock has a market cap of $13.95 billion, a P/E ratio of -153.00 and a beta of 0.53. The firm has a 50 day moving average price of $3.63 and a 200 day moving average price of $3.62.

DiDi Global Company Profile

DiDi Global Inc is a China-based mobility technology company that operates a platform connecting passengers with transportation and delivery services. Its core business includes app-based ride-hailing, taxi services, private-car services, chauffeur services and designated-driver offerings. The company also provides vehicle-related services, including car rental and leasing, as well as bike-sharing and other mobility solutions in selected markets.

DiDi serves consumers, drivers, vehicle owners and business customers through mobile applications and technology platforms designed to facilitate transportation bookings, payments and fleet management.